A blockbuster quarter for equities helped fuel strong returns from big-name hedge funds.
Through the first six months of 2026, the most closely watched space in the industry — the large-scale multistrategy managers such as Millennium, Point72, and Schonfeld — has performed well.
Here are some highlights:
Point72 returned 3.4% in June, pushing Steve Cohen’s firm’s first-half returns to 14.5%, a person close to the manager told Business Insider.Millennium is up 10.5% for 2026’s first six months, a person close to the fund told Business Insider, after a gain of 4.1% in June.Schonfeld posted a 2.5% gain in June, bringing the manager’s flagship to 8.4% for the first half of the year.
Investors began pricing in an Iran-war resolution at the very end of March. The result was a market bottom that lined up perfectly with the start of a new quarter. The S&P 500 rose 15% for the period, while the tech-heavy Nasdaq 100 surged 28%. Not to mention, SpaceX started trading publicly after the biggest IPO in history.
The S&P 500 finished the first half of 2026 up close to 10%. While that’s outpaced most hedge funds, some managers’ equity-only options have outperformed. Schonfeld’s Fundamental Equities fund, for example, is up 12.3% in the first half after a 3.6% gain last month, a person close to the manager said.
Firms mentioned in the story and the table below declined to comment.
This story was originally published on July 1 at 1:18 PM. New figures have been added to the table below as they have been learned.
